Hitachi Offers Next-Generation Core Banking Services to Mizuho Bank

TOKYO, JAPAN: Hitachi announces that it is providing its private cloud services on a pay-per-user basis as a next generation platform for core banking services to Mizuho Bank.

Hitachi will be providing IT resources to Mizuho Bank such as servers and storage on-demand, allowing the users of the bank to store data on their servers securely and efficiently. The bank is currently working on core-banking in Japan and has implemented the system by using Hitachi’s private cloud storage service.

Core-banking systems are large-scale systems capable of handling core business operations of a bank, including deposits, foreign exchanges and loans. Hitachi has installed its own servers and storage systems in the Mizuho Bank’s data center allowing smooth functioning and maintenance of the bank. The bank also wants to utilize this service for fund transfer systems.

Hitachi provides Storage Utility Management Service (private cloud storage service) combined with optional private cloud-type server service on a pay-per-use basis. The hardware includes BS2500 blade servers, Hitachi Virtual Storage Platform G1000 and Hitachi Virtual File Platform. The service enables the customer to store data in their own data center to ensure security, while improving the efficiency of their IT resources by constant monitoring their usage and managing the resource pool centrally

Due to the duplex system of a production environment and a disaster recovery/semi-production environment Hitachi provides bank operations to function even during updates and maintenance of the bank when there is a system failure or problem in the bank.